Bonds fall, country risk climbs on vulture funds dispute concerns

Shares and bonds plunged as investors react to the failed negotiations between Argentina and the holdout hedge funds in New York. In the Buenos Aires City stock market the Merval index closed down by 8.4% to 8,187.99 points, far from yesterday’s record 6.9% climb.

Among public titles, the Bonar 2017 fell by 4.4%; the Discount by 8.3%; the Par by 6.9%, while the Boden 2015 fell back by 3.8%.

GDP-linked coupons plunged by 8%.

Argentina’s risk score climbed 13.9% to 622 points.

At the New York Stock Market, Argentine shares plummeted, banks and energy firms being the most affected.Argentine YPF energy company by 8.4%; Edenor by 9%; Pampa Energía by 8.8%; Telecom by 8.7% and TGS by 8%.